Transport Topics
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XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
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NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31.
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Consumer confidence dropped more than previously reported to match the lowest level since 2014, with Americans less upbeat about both current and future conditions in the weeks before the presidential election.
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Amazon.com reminded investors it's still willing to spend lavishly on products or areas that could be the next big thing - whether video streaming, automated personal assistants or a toehold in emerging markets - even if it means thinner profit margins and a weaker stock price.
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